Insurer News – Page 314
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NewsAllianz GCS expands management board's responsibilities amid growth
Allianz has also introduced a new line of business to serve mid-size companies in selected countries
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NewsLloyd's cuts rate in £500m bond issue thanks to investor demand
Lloyd’s said the new bond would make it less reliant on liquidity of members
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NewsLexisNexis enters Chinese market in new data deal
LexisNexis insurance chief exec Bill Madison said Chinese car insurance market was growing rapidly
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NewsUK exits dampen AXA’s nine-month non-life revenue growth
Cutting unprofitable UK and Ireland business in 2013 offset the effect of rate increases
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NewsSharia-compliant Cobalt MGA gets additional capacity in new deal with AIG
AIG is the third insurer to provide capital to the MGA after QBE and XL
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NewsSettling claims with vouchers not meeting customer needs
Study finds twice as many people prefer a replacement item
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NewsPersonal motor insurers to return to loss this year after profitable 2013
Insurers will be in for a bumpy ride in coming years, says new Towers Watson report
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NewsDavies unveils new brand as it restructures operations
Changes will enable Davies to invest more in professionalism, customer service, innovation and its specialist services
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NewsDavies and Staffordshire University launch training and graduate scheme
The programme includes three to six month internships, work experience and a two-year graduate course
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NewsJanice Deakin unveils new Gallagher UK retail exec team
New retail chief executive creates new layer of regional management and national placement post
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First broker-specific telematics policy launched
Zenith and Wunelli develop Brightbox policy for brokers
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NewsAllianz axes 14 commercial roles to offshore to India
Ten of the new staff joining the Indian team will deal directly with five large brokers who ‘support the move’
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Online only
AXA launches e-traded PI product
New product will be available on AXA’s extranet and through the insurer’s Acturis platform
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Online only
Motor premiums rise for first time since 2012 - AA
Average motor premium increased by 4.2% over Q3
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Online only
Home insurance premiums continue to fall - AA
AA laments lack of spending on flood defences
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News
Gresham Undewriting to launch six specialist products next year
MGA will quote and bind online in five minutes
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NewsDAS suspends chief executive Paul Asplin
Legal expenses insurer launches independent investigation
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Ex-Broker Network director makes industry return at Compass
Compass’s new UK sales director Scott Bennett will be responsible for its two networks Select and Westinsure
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Senior departures as David Hall restructures QBE
New structure ‘puts client at the heart of our business’
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Willis in exclusive talks to buy majority stake in Miller
Willis’s wholesale book will move to Miller, while Miller’s existing retail and treaty reinsurance business will transfer to Willis
